Bitcoin Q&A: Lightning 'Plan B' and Second-layer Effects

What is your 'plan B' if Lightning doesn't work? What is the effect of second layers on fees for miners?

Chapters
0:00 What is your 'plan B' if Lightning doesn't work?
1:42 What is the effect of second layers on fees for miners?
5:02 We will always have a scaling problem

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Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in Bitcoin. He is the author of “Mastering Bitcoin,” “The Internet of Money" series, and "Mastering Ethereum."

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Translations of THE INTERNET OF MONEY:

[rezaxxx]

Such awesome arguments! I wish you would be on CNBC and other interviews. People representing BTC are really really bad at explaining and providing great arguments as you do.
I just say Respect to your awesome awesome work. Keep being awesome :D
Cheers

[BullsEye]

IP: "Great news Andreas, we now guarantee you 100 domegemegrottebytes of bandwidth."
Andreas: "Hold my beer."

[VforVanish]

Andreas, honest question, can you say why BCH is wrong by slowly increasing the block size?

[emerson]

Hey Andreas what is your opinion on POS protocols?

[Gerscowin]

Andreas, Could we hear your thoughts on NANO, please?

[willb]

hi im running thunder on layer 42 and im getting redundancy errors help. :3

[anishsist]

Andreas is Satoshi...who else agree with me

[joshgorbin]

Bitcoin Cash already has Schnorr Signatures

[marco]

what does he say at the start "yeaaahh we got a bee catcher in the house" ? i dont get it

[anishsist]

Andreas should visit India and educate indian crypto currency comitee..The way you educate Australian and Canadian senate.

[DorangoBread]

What happens if aliens visit us and they perceive our intelligence like we perceive a 3 year olds intelligence and they think "Bitcoin? Oh that's cute! Hold my beer..." Then they hack Bitcoin and remove all our Bitcoins from our wallets just to watch us wake up the next day and freak out.

[GeniusUnleashed]

One of the rare times I disagree with Andreas. The scaling is already occurring, it's just not happening on Bitcoin. People are leaving in droves and creating new platforms without Bitcoin's limitations, creating things like Nano, Digibyte, Stellar...hell, even Ripp-- (just through up a little in my mouth). We have Chainlink and Tezos, Holochain and Ethereum, Cardano and Enjin Coin. The thing that ties all these together isn't Bitcoin.



The issue we're facing today is the hardcore community who think Bitcoin is the new internet, and unfortunately those are the people with the biggest funds right now. But Bitcoin isn't the new internet, just like Apple wasn't the new "phone". The underlying technology that Bitcoin is built on is the new internet, Bitcoin was just the iPhone that convinced everyone blockchain could be for the people.

[hermannschmidt]

As much as I respect Andreas for his competence, his comparison to the internet when it comes to scaling falls short. To scale the internet you just install more and better of the same. Done. Bitcoin? Nope. Can't do that. Scaling Bitcoin is a totally different class of problem.

[jacobstelter]

I can't wait till Bitcoin goes to the moon! I love paying $100 fees for Bitcoin transactions! It's for my security. I feel so safe. 100x returns incoming

[patazertyui]

In order to upscale enough for a massive use of LN BTC bandwidth will not be insuffisant even for channels openings/closures traffic. Users will have to use custodial services most probably owned by banks (see DCG links with Blockstream) . That will be the end of the bitcoin as a ''p2p electronic cash system''. IMO bitcoin has pushed the bandwidth/security cursor too far (99, 9% security / 0.01% bandwidth) and can't go backwards. Bitcoin dilemma : if It works (lot or users) it fails, if It fails (few users) it works. Just my 2cts.

[worldtechfix]

AA is misguided with scaling. He thinks we should limit scaling to prevent innovative solutions. He is wrong about this. Second layer scaling is unBitcoin. Sure, make the options available, but don't stop scaling onchain.